Who needs a contractor license bond in Grand Forks, North Dakota?
Contractors in Grand Forks must obtain a license through the State of North Dakota and register with the city. Each contractor must also post a $5,000 surety bond. The following requirements apply to specific contractors in Grand Forks:
- Building contractors: Pay the $60 annual city license fee
- Excavator contractors: Pay the $115 yearly city license fee; Submit a $500 deposit (refunded three years after the project is complete)
- Master mechanical installers: Pay the $170 annual city license fee; Pass the written mechanical test with at least 80% correct
- Journeyman mechanical installers: Pay the $55 yearly city license fee; Pass the written mechanical test with at least 75% correct
- Master plumbers: Pay the $170 annual city license fee
- Journeyman plumbers: Only the North Dakota state plumbing license is required
- Sign hanger contractors: Pay the $115 annual city license fee
Get Your Grand Forks Contractor License Bond:
How does a contractor bond work?
A contractor license bond ensures that contractors fulfill all obligations to clients. By signing the bond agreement, contractors promise to follow applicable standards and regulations of the obligee (City of Grand Forks). Clients can file a claim for damages if a contractor’s work fails to follow the agreement in full. The surety initially pays out an approved claim to clients, but contractors are ultimately responsible for paying them back in full. ZipBonds offers bond premiums starting at $100 and can often get you bonded instantly.
Frequently Asked Questions
When do I need to renew my bond?
Often, bond terms last for one year. Your bond’s renewal date will be listed on your specific bond form. Ensure your bond and state and city licenses remain current to avoid noncompliance fees.
Will I need multiple contractor license bonds?
In most cases, you will only need a single license bond. However, if you work multiple trades, you may need a separate bond for each. Read your municipality’s requirements carefully to ensure compliance.
Apply for Your Contractor Bond in Grand Forks, ND
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.